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Dow Slips as Middle East Crisis and Weak Retail Sales Spark Stagflation Fears

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The Story

News Summary

  • U.S.
  • retail sales plunged 0.6% in July, missing estimates amid geopolitical tensions in the Strait of Hormuz.
  • Weak jobs and retail data reduced Fed rate hike expectations, while oil disruption risks fuel stagflation concerns, weighing down the Dow Jones Industrial Average.
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4344.70 -8.84% over the displayed period

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